Note 20 - Mergers and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

(Dollar amounts in thousands)
Assets acquired:
Cash and cash equivalents	$	3,986
Securities available for sale		-
Loans receivable		111,566
Federal bank stocks		190
Accrued interest receivable		288
Premises and equipment		1,321
Core deposit intangible		1,208
Prepaid expenses and other assets		3,341
Total assets acquired		121,900
Liabilities assumed:
Deposits		106,149
Overnight borrowings		1,200
Accrued interest payable		61
Accrued expenses and other liabilities		449
Total liabilities assumed		107,859
Identifiable net assets acquired		14,041
Consideration paid:
Cash		2,429
Preferred stock		4,206
Previously owned common stock of CFB		931
Common stock		15,636
Total consideration		23,202
Goodwill	$	(9,161	)

(Dollar amounts in thousands)
Assets acquired:
Cash and cash equivalents	$	2,539
Loans receivable		18,480
Federal bank stocks		11
Accrued interest receivable		103
Premises and equipment		708
Core deposit intangible		167
Prepaid expenses and other assets		766
Total assets acquired		22,774
Liabilities assumed:
Deposits		19,748
Accrued interest payable		6
Accrued expenses and other liabilities		8
Total liabilities assumed		19,762
Identifiable net assets acquired		3,012
Consideration paid:
Cash		22
Common stock		1,674
Total consideration		1,696
Gain on bargain purchase	$	1,316